e-TDS return is a TDS return prepared in form No. 24, 26 or 27 in electronic media as per prescribed data structure in either a floppy or a CD ROM. The floppy or CD ROM prepared should be accompanied by a signed verification in Form No.27A.
As per Section 206 of Income Tax Act all corporate and government deductors are compulsorily required to file their TDS return on electronic media (i.e. e-TDS returns). However, for other Deductors, filing of e-TDS return is optional.
An e-TDS return should be filed under Section 206 of the Income Tax Act in accordance with the scheme dated 26.8.03 for electronic filing of TDS return notified by the CBDT for this purpose. CBDT Circular No.8 dated 19.9.03 may also be referred to.
Following are the returns for TDS and TCS and their periodicity:
For tax deducted at source from salary paid to employees, the annual return for tax deducted at source up to financial year 2004-2005 is to be filed in Form 24 and from financial year 2005-2006 onwards, the quarterly returns are to be filed in Form 24Q. Similarly, in case of payments mad to contractors, Form 26 will have to be filed for deduction made up to financial year 2004-2005 and Form 26Q on a quarterly basis for deductions made from financial year 2005-2006 onwards.
The CBDT has appointed the Director General of Income-tax(Systems) as e- Filing Administrator for the purpose of the Electronic Filing of Returns of Tax Deducted at Source Scheme,2003.
CBDT has appointed National Securities Depository Ltd., Mumbai as e-TDS Intermediary.
e-TDS return has to be prepared in the data format issued by e-Filing Administrator. This is available on the websites of Income-tax Department at i.e.www.incometaxindia.gov.in and of NSDL at www.tin-nsdl.com There is a validation software available along with the data structure which should be used to validate the data structure of the e-TDS return prepared. The e TDS return should have following features:
In case any of these requirements are not met the e-TDS return will not be accepted at TIN- FCs.
No separate CD/floppy should be used for each return.
e-TDS returns can be filed at any of the TIN-FC opened by the e-TDS Intermediary for this purpose. Addresses of these TIN-FCs are available at the website on www.incometaxindia.gov.in.in or at www.tin-nsdl.com.
Following information must be included in the e-TDS return for successful acceptance. If any of these essential details is missing, the returns will not be accepted at the TIN – Facilitation Centres –
Correct Tax deduction Account Number (TAN) of the Deductor is clearly mentioned in
In such a case the e TDS return will not be accepted at the TIN Facilitation Centre.
The Deductor will have to file an application in Form 49B at the TIN Facilitation Centre along with application fee(Rs 50/-) for TAN.
The assessee is to pay following charges as upload charges at the time of filing of e-TDS return to M/s NSDL.
Addresses of the TIN FCs are available on www.incometaxindia.gov.in or at www.tin-nsdl.com.
The due dates for filing quarterly TDS returns, both electronic and paper are as under:
All Drawing and Disbursing Officers of Central and State Governments come under the category of government deductors.
Particulars of only those employees are to be reported from the 1st quarter onwards in
While filling up Form 24Q, the columns pertaining to sections 88, 88B, 88C and 88D may be left blank. As regards deduction under section 80C, the same can be shown in the column 342 pertaining to Amount deductible under any other provision of Chapter VI-A.
No. A single Form 26Q with separate annexures for each type of payment has to be filed for all payments made to residents.
All officers in the hierarchy from AO and above are section diary users to whom Dak/Returns are addressed.
The annual statement (Form No 26AS) will be issued for all tax deducted and tax collected at source from F.Y 2005-06 onwards after the expiry of the financial year.
The PAN wise ledger account will be created after matching the information in the TDS/TCS returns filed by the deductor/ collector and the details of tax deposited in banks coming through OLTAS.
The details regarding the help required for filing of eTDS are available on the following two websites:
The TIN Facilitation Centers of the NSDL at over 270 cities are also available for all related help in the e filing of the TDS returns.
Yes, eTDS returns can be filed online under digital signature.
Yes, the Paper TDS data will also be available in the TIN database after the digitalization of the Paper TDS returned by the e-intermediary.
Bank Branch code or BSR code is a 7 digit code allotted to banks by RBI. This is different from the branch code which is used for bank drafts etc. This no. is given in the OLTAS challan or can be obtained from the bank branch or from www.tin-nsdl.com. It is mandatory to quote BST code both in challan details and deductee details. Hence, this field cannot be left blank. Government deductors transfer tax by book entry, in which case the BSR code can be left blank.
If payment to the parties (on which TDS has been deducted) has been made actually i.e. by cash, cheque, demand draft or any other acceptable mode, then “otherwise” has to be mentioned in the specified field. But if payment has not been actually made and merely a provision has been made on the last date of the accounting year, then the option “Paid by Book Entry” has to be selected.
Earlier the “Input file” of the File Validation Utility (FVU) had to be filed with TIN FC. Now “Upload File” which has some additional information such as the version no. of FVU has to be filed with TIN FC. This is a file which is generated by the FYU after the return /file prepared by the Return Preparation Utility (RPU) is validated using the FYU.
Form 27A/ 27B is the summary of the TDS/TCS return. It has to be signed by the same person who is authorized to sign the TDS/ TCS return in paper format.
The Control Totals in Error response File are generated only when a valid file is generated. Otherwise, the file shows the kind of errors. The control totals are as under:
Yes, the control totals in Form 27A and in Error/ response File are same.
In case PANs of some of the deductees are not mentioned in the e-TDS return, the Provisional Receipt will mention the count of missing PANs in the e-TDS return. The details of missing PANs (extent it can be collected from the deductees) may be furnished within seven days of the date of Provisional Receipt to TIN- FC. e-TDS return will be accepted even with missing PANs. However, if PAN of deductees is not given in the TDS return, tax deducted from payment made to him cannot be posted to the statement of TDS to be issued to him u/s 203AA.
Yes. Challan identification number is necessary for all non government deductors.
No. All quarterly paper TDS/TCS returns will be received at TIN-FCs
PAN of the deductors has to be given by non government deductors. It is essential to quote PAN of all deductees failing which credit of tax deducted will not be given.
The due date for furnishing returns for tax deducted for the financial year 2004-2005 was 30th June, 2005 which has been extended to 31st August, 2005 in case of Government deductors only. The quarterly returns for the quarter ending 30th June become due on 15th July. However, for the quarter ending 30th June, 2005, the due date has been extended to 31st August, 2005 for all deductors.